Specified Face Amount Sample Clauses

Specified Face Amount. The Base Death Benefit is the greater of the Specified Face Amount, or the Gross Cash Surrender Value multiplied by the applicable Death Benefit Percentage specified in Section 1. Option B - Specified Face Amount plus Gross Cash Surrender Value. The Base Death Benefit is the greater of the Specified Face Amount plus Gross Cash Surrender Value, or the Gross Cash Surrender Value multiplied by the applicable Death Benefit Percentage specified in Section 1. Option C - Specified Face Amount plus cumulative Premiums paid. The Base Death Benefit is the greater of the Specified Face Amount plus the sum of all Premium payments less any Partial Surrenders, or the Gross Cash Surrender Value multiplied by the applicable Death Benefit Percentage specified in Section 1. The APB Death Benefit is the greater of zero or the result of the APB Face Amount minus the excess, if any, of the Base Death Benefit over: the Specified Face Amount if Option A the Specified Face Amount plus Gross Cash Surrender Value if Option B or the Specified Face Amount plus cumulative Premiums paid less any Partial Surrenders if Option C Death Benefit equals the sum of the Base Death Benefit and the APB Death Benefit. On any Monthly Anniversary Day where the Death Benefit is defined as the Cash Surrender Value multiplied by the applicable Death Benefit Percentage, and the Death Benefit less the Gross Cash Surrender Value exceeds the greater of (1) the Total Face Amount and (2) the Death Benefit less the Gross Cash Surrender Value on the prior Monthly Anniversary Day, We reserve the right to distribute Account Value to You as a Partial Surrender to the extent necessary so that the Death Benefit less the Gross Cash Surrender Value does not exceed the greater of (1) and (2) above. After the Insured's Attained Age 100, the Death Benefit will be equal to the Gross Cash Surrender Value. The Policy Proceeds will be paid as they become due upon the death of the Insured. If the Insured dies while this Policy is in force, We will make a lump sum payment when We receive Due Proof of that death. The APB is shown in Section 1. The APB will terminate at the earliest of the following dates:
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Specified Face Amount. The death benefit is the greater of: 1) the Specified Face Amount; or 2) the Account Value multiplied by the applicable death benefit percentage shown in Section 1. Option B - Specified Face Amount plus Account Value. The death benefit is the greater of: 1) the Specified Face Amount plus the Account Value; or 2) the Account Value multiplied by the applicable death benefit percentage shown in Section 1. The death benefit will be determined based on the Account Value on the date of death. The actual Policy Proceeds payable on the death of the Insured will be the death benefit described above less any Policy Debt and less any Unpaid Policy Charges. Under certain circumstances the Policy Proceeds may be adjusted (see "Incontestability", "Misstatement of Age or Sex" and "Suicide" in Section 4).
Sample 1Sample 2
Specified Face Amount. The amount of life insurance coverage under the Policy. See Section 1.
Sample 1
Specified Face Amount. Page 11 Sub-Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . Page 11 Target Premium . . . . . . . . . . . . . . . . . . . . . . . . . Page 11 Unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sample 1
Specified Face Amount. The Death Benefit is the greater of the Specified Face Amount, or the Account Value multiplied by the applicable Death Benefit Percentage.
Sample 1

Related to Specified Face Amount

  • Optional Prepayments with Make-Whole Amount (a) The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, any Series of the Notes, in an amount not less than 10% of the aggregate principal amount of such Series of the Notes then outstanding (but if in the case of a partial prepayment, then against each tranche within such Series of Notes in proportion to the aggregate principal amount outstanding of each tranche of such Series), at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series of Notes to be prepaid written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Series of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of the Series of Notes to be prepaid a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Make-Whole Amount The term “

  • Loan Amount 4. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • RENTAL AMOUNT The Owner hereby grants the Agent power to create rental agreements related to the Property for: (check one) ☐ - Market rent. ☐ - A rate no lower than $______________ per ___________________. ☐ - Other. ___________________________________________________________________.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Notional Amount Not applicable.

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

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